Li Zongwei lists options and ADS stake in Four Seasons (FEDU)

Rhea-AI Filing Summary

Four Seasons Education (Cayman) Inc. director Li Zongwei filed an initial ownership report showing stock options tied to American depositary shares (ADS) and a direct ADS stake. Each ADS represents ten ordinary shares of the company.

He holds options over 3,000 ADS at an exercise price of $8.0000 expiring on July 3, 2028 and 2,000 ADS at $8.0000 expiring on February 5, 2031, plus 1,250 ADS at $10.0000 expiring on August 12, 2034. These options vested in four equal annual installments beginning on July 3, 2019 and February 5, 2022, as applicable. He also directly owns 1,000 ADS.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Li Zongwei

Role Director

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	American Depository Shares	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 3,000 shares (Direct); American Depository Shares — 1,000 shares (Direct)

Footnotes (1)

1. Each American depositary share ("ADS") represents ten (10) ordinary shares of Four Seasons Education (Cayman) Inc. (the "Company"). This option vested in four equal annual installments beginning on July 3, 2019. This option vested in four equal annual installments beginning on February 5, 2022.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Li Zongwei

(Last) (First) (Middle)

SUHE CENTER

99 NORTH SHANXI ROAD

(Street)

SHANGHAI F4 200085

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Four Seasons Education (Cayman) Inc. [ FEDU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depository Shares(1)	1,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(2)	07/03/2028	American Depository Shares(1)	3,000	$8	D
Stock Option (Right to Buy)	(3)	02/05/2031	American Depository Shares(1)	2,000	$8	D
Stock Option (Right to Buy)	08/12/2025	08/12/2034	American Depository Shares(1)	1,250	$10	D

Explanation of Responses:

1. Each American depositary share ("ADS") represents ten (10) ordinary shares of Four Seasons Education (Cayman) Inc. (the "Company").

2. This option vested in four equal annual installments beginning on July 3, 2019.

3. This option vested in four equal annual installments beginning on February 5, 2022.

	/s/ Li Zongwei	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FEDU director Li Zongwei report on this Form 3?

Li Zongwei reported his initial holdings in Four Seasons Education, including several stock option grants over ADS and a direct position of 1,000 American depositary shares. This filing establishes his baseline ownership as a company director for ongoing SEC disclosure purposes.

How many Four Seasons Education (FEDU) ADS are covered by Li Zongwei’s options?

Li Zongwei holds options over 3,000 ADS and 2,000 ADS at an exercise price of $8.0000, plus 1,250 ADS at $10.0000. These options give him the right to buy American depositary shares at fixed prices before their respective expiration dates.

What are the expiration dates of Li Zongwei’s FEDU stock options?

His options over 3,000 ADS at $8.0000 expire on July 3, 2028. The 2,000 ADS option at $8.0000 expires on February 5, 2031, and the 1,250 ADS option at $10.0000 expires on August 12, 2034, if not exercised earlier.

How many Four Seasons Education ADS does Li Zongwei own directly?

Li Zongwei directly owns 1,000 American depositary shares of Four Seasons Education. This direct ADS position is separate from his stock options and represents shares he already holds, rather than rights to purchase in the future at set exercise prices.

What does each Four Seasons Education (FEDU) ADS represent?

Each American depositary share of Four Seasons Education represents ten ordinary shares of the company. This structure allows investors to trade ADS on U.S. markets while indirectly holding an interest in the underlying ordinary shares issued by the Cayman-incorporated issuer.

How did Li Zongwei’s FEDU options vest over time?

One option grant vested in four equal annual installments beginning on July 3, 2019. Another vested in four equal annual installments beginning on February 5, 2022. These schedules mean portions of each grant became exercisable each year over a four-year period.